Why Cash Transfers Are Good Policy in the COVID-19 Pandemic

R. Braun and Daisuke Ikeda

Policy Hub, 2020, vol. 2020, issue 4, 13

Abstract: The COVID-19 pandemic has had an exceptionally large and negative impact on economic activity around the world. We show that cash transfers can be a useful policy tool during the pandemic. Cash transfers mitigate consumption inequality induced by the pandemic and provide incentives to individuals who are most negatively affected by lockdown policies to adhere to them.

Keywords: COVID-19 pandemic; cash transfers; stimulus payments; inequality (search for similar items in EconPapers)
JEL-codes: E21 E62 H84 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:fip:a00068:99133

DOI: 10.29338/ph2020-04

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